How Retailers Can Prepare For Tax Reform Under The Trump Administration

On Friday, January 20, 2017, Donald Trump will officially take the oath of office. From the beginning of his candidacy, he has made it clear that one of his top priorities as president would be to enact some form of comprehensive tax reform. With a Republican-led House and Senate, there is a real possibility of this happening in 2017. If it does happen, the belief is that most provisions, including many contained in the House Republican tax reform ‘Blueprint’ (released June 24, 2016), would take effect January 1, 2018. Although further details will be necessary, there are steps that retailers can – and should – take now to better understand how proposed tax reform provisions may impact their businesses. See three of the steps that retailers should consider taking now at Forbes.